Sage Specialty Care Hospital
dba Sage Specialty Hospital ·
Denham Springs, Livingston Parish County, LA
· CCN 192008
Licensed to Sage Ltac Llc
Composite
37.7
rank score
Distress
25
FY2024
Fit
66
vs thesis
Estimated ticket
$17.7M–$70.8M
59 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $17.5M |
| Operating margin | 6.9% |
| Total margin | 7.4% |
| Days cash on hand | 0 |
| Current ratio | 2.55 |
| Occupancy | 36% |
Facility
| Beds | 59 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 54 | $17.6M | $406K | -3.4% | 2.2% | 40 | 1.91 | 62% | 695 | 32 |
| 2022 | 93 | $20.3M | $-2.2M | -11.1% | -11.1% | 68 | 1.23 | 46% | 785 | 60 |
| 2023 | 59 | $18.4M | $539K | 2.9% | 2.9% | 58 | 2.04 | 48% | 475 | 19 |
| 2024 | 59 | $17.5M | $1.3M | 6.9% | 7.4% | 0 | 2.55 | 36% | 293 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Patrick Mitchell | operational/managerial control | 100 | 2017-08 | |
| Pcm Holdings I, Inc. | 5% or greater indirect ownership interest | 100 | 2025-07 | |
| Pcm Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2025-07 | |
| Pcm Rehab Enterprises Llc | 5% or greater direct ownership interest | 100 | 2019-05 | |
| Ptm 2018 Family Trust | 5% or greater indirect ownership interest | 99 | 2022-12 | |
| Patrick Mitchell | other | 1 | 2019-05 | |
| Emily Holleman | other | 2022-12 | ||
| Kelly Mitchell | other | 2022-12 | ||
| Sybil Miles | w-2 managing employee | 2021-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-08-31 | change of ownership | Sage Ltac Llc | Ltac Hospital Of Louisiana -... |
Who has been buying in LA
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-03-01 | Sage Specialty Hospital Of Lake... | Chg Hospital Sulphur Llc | Cornerstone Specialty Southwest Loui | 28 |
| 2025-02-01 | Cornerstone Post Acute Care Of Bossier Llc | Chg Hospital Bossier City Llc | Cornerstone Specialty Bossier City | 43 |
| 2024-05-19 | Baton Rouge Specialty Hospital | Kpc Promise Hospital Of Baton Rouge, Llc | Kpc Promise Hospital Of Baton Rouge | 54 |
| 2019-09-30 | Pam Specialty Hospital Of Shreveport Llc | New Lifecare Hospitals, Llc | Pam Specialty Hospital Of Shreveport | 24 |
| 2019-08-30 | Intensive Specialty Hospital, Llc | Promise Hospital Of Louisiana, Inc | Intensive Specialty Hospital | 205 |
| 2017-08-31 | Sage Ltac Llc | Ltac Hospital Of Louisiana -... | Sage Specialty Care Hospital | 59 |